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Project management :continous budget, project budget

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Do you agree or disagree with the following statements?

A. Continuous budgets are not a good idea for project managers. They never know how much they should be spending and this gives them the freedom to do whatever they want, whenever they want.

B. Project managers' budgets should not have as much flexibility in them and must be more time-specific.

C. Budget development involves costs, standards, and other accounting-oriented information.

D. Project managers do not need to be involved in the budgeting process

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Solution Preview

A. Continuous budgets are not a good idea for project managers. They never know how much they should be spending and this gives them the freedom to do whatever they want, whenever they want.
Hint: Agree as for project managers there is always extra pressure to meet deadlines and achieve targets. Therefore continous budgets are ...

Solution Summary

Solution contains information about budgets.

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